FINTECH / REGTECH

Fintech / Regtech

FSC Korea Progresses Work on BNPL Regulation

By Editors | 17/07/2024

Amendments will impose disclosure and suitability-checking requirements on businesses that offer BNPL services.

Fintech / Regtech

HKMA Assessing Whether Virtual Banks Have Achieved Policy Goals

By Editors | 17/07/2024

The HKMA is evaluating whether the eight virtual banks have achieved the intended policy objectives since the licences were granted in 2019.

Fintech / Regtech

FSB to Update 2017 Paper on AI-related Risks

By Manesh Samtani | 17/07/2024

FSB Chair Klaas Knot said this work is not currently aimed at developing policy options or regulatory standards.

Big Picture

FSB Proposes Measures to Address Cross-border Payment Frictions

By Manesh Samtani | 17/07/2024

Two new FSB reports offer policy recommendations to address legal, supervisory and regulatory frictions in cross-border payments.

Fintech / Regtech

China Issues New Marketing Guidelines for Online Loans

By Editors | 16/07/2024

NIFA calls on FIs and third-party internet platforms to standardise their online loan marketing activities and abide by 19 measures set out in the guidelines.

Fintech / Regtech

Singapore Issues Draft Guide on Synthetic Data Generation

By Nithya Subramanian | 16/07/2024

The guide proposes good practices for generating synthetic data that can be used to train AI models while protecting the underlying personal data.

Fintech / Regtech

Korea, Indonesia Sign Cross-border Payments MoU

By Editors | 16/07/2024

The MOU will support the implementation of cheaper, faster, more inclusive, and more transparent cross-border payments between the two countries.

Crypto / Digital Assets

World Bank Paper Explores Interoperability Between CBDC and FPS

By Editors | 16/07/2024

The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.

Fintech / Regtech

New York DFS Issues Rules Governing AI for Insurers

By Nithya Subramanian | 15/07/2024

The guidance ensures that implementation of AI in insurance does not perpetuate systemic biases that result in unfair discrimination, while providing market stability.